Posted On: 11/22/2013 11:02:01 AM
Post# of 72743
SYAI Huge Take over News
Cloudeeva Has Signed a Letter of Intent Considering a Voluntary Takeover Offer Marketwire "Press Releases"
LINZ, AUSTRIA -- (Marketwired) -- 11/22/13 -- Cloudeeva, Inc. (PINKSHEETS: SYAI) ("Cloudeeva" or the "Company"), a global cloud and technology company specializing in Cloud, Big Data and Mobility solutions and services and S&T AG (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT), have signed a Letter of Intent. The terms of the Letter of Intent is the planned submission of a voluntary takeover offer to the shareholders of S&T AG by Cloudeeva . The submission of a voluntary takeover offer is dependent -- among other things -- on the positive completion of a due diligence by Cloudeeva . The due diligence has begun today and planned to be concluded by January 2014 . The Letter of Intent provides that the aggregate purchase price to be offered in the takeover offer for 100% of the shares of S&T will be EUR118 million , whereby the purchase price will be corrected (upwards or downwards)by Cloudeeva prior to the announcement if its intention to make the Offer to adequately consider S&T's consolidated financial results since December 31, 2012 .
Cloudeeva Has Signed a Letter of Intent Considering a Voluntary Takeover Offer Marketwire "Press Releases"
LINZ, AUSTRIA -- (Marketwired) -- 11/22/13 -- Cloudeeva, Inc. (PINKSHEETS: SYAI) ("Cloudeeva" or the "Company"), a global cloud and technology company specializing in Cloud, Big Data and Mobility solutions and services and S&T AG (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT), have signed a Letter of Intent. The terms of the Letter of Intent is the planned submission of a voluntary takeover offer to the shareholders of S&T AG by Cloudeeva . The submission of a voluntary takeover offer is dependent -- among other things -- on the positive completion of a due diligence by Cloudeeva . The due diligence has begun today and planned to be concluded by January 2014 . The Letter of Intent provides that the aggregate purchase price to be offered in the takeover offer for 100% of the shares of S&T will be EUR118 million , whereby the purchase price will be corrected (upwards or downwards)by Cloudeeva prior to the announcement if its intention to make the Offer to adequately consider S&T's consolidated financial results since December 31, 2012 .
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